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technology


Enter the race


To take the very first step, I’d recommend enrolling yourself, or a suitable person in your organisation, on an introductory blockchain course. Critically, this should be someone who understands end-to-end business processes, has in-depth knowledge of your industry, and is able to identify efficiencies.


Choose a course with a training provider that is recognised by a reputable institution – one that is BCS accredited and ISO certified. You should be able to choose from classroom-based or flexible online courses, and the EXIN Essentials Certificate in Blockchain offered by Amatis Training is even available on the MyAmatis mobile App.


Whichever course you choose, it should guide you through the questions you need to be asking to help you to understand the possibilities of blockchain in its wider application to your organisation.


But don’t get off to a false start


Blockchain is not easy to implement, so don’t cut corners. That would be false economy of the worst order. Choose the right people and the right training.


“On your marks”


Whether you have yet to get off the blocks or you’re already in the research stage, there are two things you absolutely must do at the start: get the business case right, and have a mindset of shared progress. Consider your needs and the issues you are facing, but also how these will be affecting others in your industry. The benefits of a blockchain are unquestionably greatest when different industry participants come together to form a shared platform.


“Set”


Prepare to get moving. But when you are ready to push off, don’t expect to be shaping your organisation’s existing processes, business models and job roles into a blockchain. To harness the power of the blockchain, you might well need to commit to completely new ways of thinking and working.


“Go”


Aim to put just one part of your business process on the blockchain, and all being well you can build onto it from there. You want to start small while staying focused on the big picture.


There will be barriers. You might encounter these in the form of cost, lack of buy-in from the board, regulatory blocks and even trust issues. While the functioning blockchain will engender trust, ironically in developing the chain you will confront trust issues at every turn – trust in the technology itself, as well as in the people. For example, how do you get all of the organisations to join a consortium, when none of them actually owns the blockchain?


Building successful blockchain communities is hard work. No question about it. But it’s equally clear that the benefits of a well-designed blockchain are immense.


Start with that ‘essential’ or ‘foundational’ blockchain training course. It could set you on track for immeasurable shared success – figuratively speaking. And measurable shared success too – quite literally. Because thanks to this ground-breaking technology, that success can be measured and apportioned.


This is what makes blockchain a total gamechanger. Unlike the food chain where the winner takes all, blockchain winners share the podium.


Another thing they share is that somewhere along the line, each of them will have had to take that seemingly daunting first step onto the track.


THE BUSINESS MAGAZINE – JANUARY/FEBRUARY 2021 businessmag.co.uk 13


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